Burned Saks Fifth Avenue Card will i be banned from Capital One?

Burned Saks Fifth Avenue Card will i be banned from Capital One?

Long story short I am terrified of not getting approved for a CC after my DC. I hear Cap1 is Bk friendly. I Never had a Cap1 card but i did have a saks card that is with cap1 and I am burning them for close to $33k will they never let me back in? My dc is only in july but I am so streesed with rebuilding already.

Re: Burned Saks Fifth Avenue Card will i be banned from Capital One?

Agreed. I waited a year after being discharged from Chapter 7 and was approved immediately upon app'ing for a secured Cap 1 Platinum. Make a plan for rebuilding your credit over time, stick to it and read everything in this subforum and Rebuilding Your Credit that's relevant to your situation. I'm now 28 months out from having been discharged and have three unsecured cards (including a big score last month with Discover It) plus the aforementioned secured plus a used-car loan from Penfed, and am now in a gardening phase preparatory to trying for a couple more cards in the fall. Good luck!

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.